Cement Market 2022: Price Forecast, Global Size, Share, Outlook, and Report 2027

Cement Market Price Forecast Report 2022-2027

The global cement market reached a value of US$ 344.5 Billion in 2021 and expects to reach US$ 488.4 Billion by 2027, with a CAGR of 6.1% during 2022-2027.

SHERIDAN, WYOMING, UNITED STATES, July 26, 2022 /EINPresswire.com/ -- Market Overview:

The latest report by IMARC Group, titled “Cement Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global cement market price forecast. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global cement market reached a value of US$ 344.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 488.4 Billion by 2027, exhibiting a CAGR of 6.1% during 2022-2027. Cement is a powdery substance that works as a binding agent and has properties that help hold or join other materials. It is usually used in fine powders of inorganic materials, and the fundamental constituents are chalks, shells, calcium silicate, and limestone, amongst others. It can be classified into two groups, namely natural cement, and Portland cement. Natural cement is brown in color and sets very quickly when mixed with water. On the other hand, Portland cement is manufactured from chalk and clay, which hardens under water and resembles Portland stone in color when hard.

If 40% of projected revenue is expected to derive from byproducts such as cement then it is worth exploring not only the magnesium market out but also the cement market outlook.
A quick internet search shows that the global outlook for cement is quite strong and expected to grow at 6.1% CAGR from 2022 to 2027.